Walmart, others voice opposition to Va. port privatization

Tuesday, February 05, 2013

All 28 speakers at a public hearing Monday evening in Norfolk urged the Virginia Port Authority board of commissioners to reject proposals by APM Terminals and a consortium led by the infrastructure investment arm of JPMorgan to take control of the Port of Virginia, highlighting the almost unanimous opposition that has arisen among industry and community stakeholders towards privatizing the prized state asset. The VPA board held the public meeting to gather feedback about taking the unprecedented step of having a private company operate an entire North American port or whether to stick with Virginia International Terminals (VIT), the non-profit state-owned company that manages the marine terminals in Norfolk, Portsmouth and New...